Farmers' Loan & Trust Co. v. Bowers

KNOX, District Judge.

This suit is before the court upon defendant’s motion to dismiss plaintiff’s complaint, it being contended that the pleading fails to state a good cause of action. Plaintiff’s statement of the facts, as contained in its brief, may be accepted, on the whole, as accurate, and it will, with a few eliminations and amendments, be incorporated herein as the basis of decision.

William Waldorf Astor, on May 25,1916, transferred to the Farmers’ Loan & Trust Company, a New York corporation, as trustee, stocks, bonds, and cash, which stock, bonds, and cash were to be held, invested,…